This week Workhorse Group announced it had lassoed some utilities for its four-wheel-drive truck.

At least three electric utilities — Duke Energy, Portland General Electric and Southern California Public Power Authority — among others have signed a letter of intent for what would likely lead to fleet commitments of 2,150 pickups when available. This suggests a potential $113 million in revenue at Workhorse’s MSRP of $52,500. While far short of what Tesla has garnered for its Model 3, the commitments give Workhorse enough of an indication of interest to begin further plans for its pickup.

Workhorse is still developing the truck, known as the W-15. Using a BMW-sourced gasoline range extender and Panasonic batteries, the pickup would have an all-electric range of 80 miles. Total range would be around 310 miles as the gasoline engine tops up the batteries. The target is an EPA rating of 75 mpg equivalent, recognizing that the engine provides 32 mpg highway, 28 city. Electric motors would power both front and rear axles for added agility in all weather conditions.

In addition to the pickup, Workhorse is already working with UPS on a similar technology for delivery trucks, and has added drones to the mix. Potentially, a UPS truck could make remote deliveries from the main highway, allowing the drone to zip over to the final destination. Workhorse has also developed logistics software to help companies monitor fleet location and improve delivery times.

The company expects to have a W-15 prototype available for demonstration at this year’s ACT EXPO in Long Beach, California, on May 2.